Robust Infrastructure Crucial for Smart Grid Technology's Success, Finds Frost & Sullivan

Robust Infrastructure Crucial for Smart Grid Technology's Success, Finds Frost & Sullivan PR Newswire SINGAPORE, Oct. 3, 2012 - Rising need for alternate energy sources powers the smart grid market SINGAPORE, Oct. 3, 2012 /PRNewswire/ -- The countries that are best suited to implement smart grid technology are the ones with well developed infrastructure, high technology acceptance, and advanced software. In the Asia Pacific, Australia and Singapore are the ideal destinations for smart grid companies, as these countries have sound industrial infrastructure. Further, Singapore has one of the most reliable electricity networks in the world. In due course, other countries will follow their lead and create an environment conducive to the growth of the smart grid market. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), SEA and ANZ Smart Grid Market - Automation Opportunities, finds that the market earned revenues of $1.40 billion in 2011 and estimates this to reach $3.00 billion by 2018. There is a growing realization that several industries must grow in tandem to make the most of a smart grid system. This is prompting higher investments in software and IT services for the smart grid to aid with real-time data analysis. "It is also felt that closed-loop systems will gain prominence in the monitoring and controlling of smart grids," said Frost & Sullivan Research Analyst Krishnan Ramanathan.